0825 GMT - DFI Retail could optimize its operations in a few ways to drive stronger 2H performance after margins on some segments narrowed on year in 1H, says DBS Group Research's Zheng Feng Chee in a note. The health and beauty segment was weighed by intensifying competition in Malaysia, while the convenience store business face pressure from competition in China, the analyst says. However, the retailer--which operates the 7-Eleven convenience-store brand in select Asian markets--is likely able to improve its product mix and enhancing its pricing and marketing investments, he says. He raises his 2026-2027 earnings estimates by 4%-7% on potentially higher margins. DBS retains its buy rating and US$5.00 target price. Singapore-listed shares rise 5.35% to US$3.94.